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Spain loses $15 million from world cup while the US gives it to anti-Iran efforts
July 24th, 2026 - 08:28 GMT
Osama Ali

Osama Ali

Spain loses $15 million from world cup while the US gives it to anti-Iran efforts

ALBAWABA — This week, the $15 million figure surfaced in two very different international stories, demonstrating how the same sum of money can be both a significant incentive and a financial setback. On the one hand, it has been reported that Spain, the recently crowned FIFA World Cup champions, may lose almost $15 million of their championship prize due to U.S. taxes. Conversely, the U.S. government has declared a $15 ...
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Demand for oil is set to increase, the International Energy Agency has stated
November 13th, 2012 - 12:47 GMT

IEA: Oil demand to rise driven by 'emerging nations'

France is to release $2 billion in frozen Libyan assets
November 13th, 2012 - 12:17 GMT

Time for the thaw: France release $2 billion frozen Libyan assests

A team from the IMF has just finished a series of meetings in Algeria
November 13th, 2012 - 11:56 GMT

IMF: Algeria economy remains stable

Jordan is looking set to increase the cost of electricity in the Kingdom
November 13th, 2012 - 11:23 GMT

Jordan: Residents could be in for a shock as electricity prices set to rise

The struggling airline Gulf Air is seeking to reduce its liability
November 13th, 2012 - 10:06 GMT

Gulf air cleared for take-off but reduces liability

The Iranian economy has seen only a minor contraction due to Western oil sanctions, according the the IMF
November 13th, 2012 - 09:12 GMT

IMF: Small contraction in Iranian economy

Arab and Hungarian business leaders are considering $2 billion worth of investment in the MENA region
November 13th, 2012 - 09:02 GMT

Top dollar: Hungarian business leaders consider investment in MENA region

Abu Dhabi is seeking to increase oil production
November 13th, 2012 - 06:43 GMT

Abu Dhabi seeking to increase oil production

The UAE is increasing the scheme to assist UAE citizen with debt releif
November 13th, 2012 - 03:00 GMT

UAE: More locals given 'get out of jail free' cards

Apple and HTC have settled their long running patent dispute
November 12th, 2012 - 12:52 GMT

Ceasefire: Apple and HTC call off legal action and settle

No nuclear power for Jordan as costs make it prohibitive and could make the country's energy crisis worse
November 12th, 2012 - 11:47 GMT

Jordan set to abandon nuclear power

Trouble ahead for the Egyptian economy
November 12th, 2012 - 11:25 GMT

"Severe financial crisis" to hit Egypt: Former Finance Minister claims

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